Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Erdogan says Turkey 'will not back down' in east Med standoff

Published 08/15/2020, 12:21 PM
Updated 08/15/2020, 01:20 PM
© Reuters. FILE PHOTO: Turkish President Tayyip Erdogan talks to media after attending Friday prayers at Hagia Sophia Grand Mosque in Istanbul

ISTANBUL (Reuters) - President Tayyip Erdogan said on Saturday Turkey will not back down to threats of sanctions nor to incursions on its claimed territory in the Mediterranean Sea, where it is in a standoff with EU-member Greece over oil and gas exploration rights.

European Union foreign ministers on Friday said Ankara's actions were antagonistic and dangerous after a meeting requested by Athens.

Tensions between NATO members Greece and Turkey have risen in the past week after Turkey sent the Oruc Reis survey vessel, escorted by warships, to map out possible oil and gas drilling in territory over which both countries claim jurisdiction.

"We will never bow to banditry on our continental shelf. We will not back down against the language of sanctions and threats," Erdogan said in the northeastern city of Rize.

The Oruc Reis, which is between Cyprus and the Greek island of Crete, will continue work until Aug. 23, he added. The vessel has been shadowed by Greek frigates and on Wednesday warships from the two sides were involved in a mild collision.

EU foreign ministers met via video conference on Friday and said Turkey's naval movements would lead to a "heightened risk of dangerous incidents".

They said a deterioration in the relationship with Turkey was having far-reaching strategic consequences for the entire European Union, well beyond the eastern Mediterranean.

Relations between Greece and Turkey have long been fraught with tension. Disputes have ranged from boundaries of offshore continental shelves and airspace to the ethnically split island of Cyprus. In 1996 they almost went to war over ownership of uninhabited islets in the Aegean Sea.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Making comments on a topic without knowledge is useless. Turkey doesnt violating neither rights nor borders of the other parties.
Turkey still live in the ottoman empire. Turkey keep doing invasion after another. Eu cant cut off Turkey because it is an Eu gate to guard the extremists from the middle east
It seems Turkey's Erdogan is following the steps of its new mentor China to claim more area in the sea.
It seems Turkey's Erdogan is following the steps of its new mentor China to claim more area in the sea.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.